APRIL 2020 Report on West Alderwood

APRIL 2020 REPORT On west ALDERWOOD HOUSE PRICES With Up-to-date statistics & Analysis

APRIL 2020 REPORT ON WEST ALDERWOOD HOUSE PRICES PAST SIX MONTHS Homes Sold: 26 Avg. Sold Price: 1,023,269 MARCH 2020 Avg. Sale Price: 1,051,500 MARCH 2020 Median Sale Price: 998,000 INSIDE: This Report gives you an in-depth look into the housing market in West Alderwood, + Last Month’s Sold Prices with charts and analysis, plus up-to-the minute statistics based on all the homes + Current Listings APRIL 2020 currently for sale and sold in West Alderwood over the last six months. Enjoy! + Past Six-Month Trends, Home Price Index, and More West Alderwood House Prices Report Courtesy of Mark Gaudet Sales Representative Right At Home Realty Inc Brokerage 416-551-6847 [email protected]

WEST ALDERWOOD HOUSE PRICES REPORT 12 Homes Currently for sale Median Asking Price: 1.096m Price Range $649k to $1.88m Covid-19 Slows Alderwood After Strong Start West Alderwood, April 2020 ~ We’re living in Much of this is attributed to people who were in the interesting times, as the saying goes. midst of buying or selling prior to Covid, and those who had already bought and needed to sell or vice versa. You’re no doubt familiar with how Covid-19 is affecting lives and livelihoods. Since real estate is a major However, after March 15th, there was a clear break, and economic driver – regardless of whether you’re we’ve seen a much slower market since. currently buying or selling – the impact of this virus can be particularly far-reaching. As we continue through April, listings in Alderwood are lingering, some sellers have pulled their homes off the An indication of the importance of real estate is that market or are waiting. Prices have dropped slightly. related services were deemed essential by the provincial government. We are still working, albeit For people who still need to buy and sell regardless of under heightened awareness of virus protocols. the circumstances (or because of them), it’s still feasible. Realtors are using technology to conduct In fact the Alderwood market kept up the frantic pace virtual consultations, meetings, and walk-throughs. I’ve it had set in February, right through to the middle of even conducted home evaluations this way. March. There were sellers and buyers and even bidding wars in the middle of self-isolation measures. Sales The future? Depending on how long the “lockdown’ were up almost 50% for the same period last year. lasts, the consensus is that the Toronto market will bounce back quickly. Most importantly, for now, let’s DO YOU NEED A FACEMASK? stay home as much as possible and stay healthy! We’re giving FREE homemade facemasks to local ~ Mark Gaudet residents. My wife, Ericka, has made and delivered more than 300 so far. To get yours, just email [email protected]

APRIL 2020 REPORT ON WEST ALDERWOOD HOUSE PRICES MAR Latest full FEB Seasonally MAR Year-to- 2020 month 2020 adjusted 2019 Date New Listings: 18 New Listings: 10 New Listings: 10 Homes Sold: 7 Homes Sold: 4 Homes Sold: 7 Avg Sold Price: Avg Sold Price: Avg Sold Price: $1,051,500 $1,163,450 $998,000 Median Price: Median Price: Median Price: $998,000 $1,115,000 $940,000 Avg Days on Market: 6 Avg Days on Market: 23 Avg Days on Market: 16 West Alderwood 12 Month Avg Sale Price 1400000 1200000 1000000 800000 600000 400000 200000 0 Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar Avg Sold Price

WEST ALDERWOOD HOUSE PRICES REPORT Past 6 Months Statistics with House Type & Style 1,200,000 HOUSE TYPE 1,000,000 Row/Twnhouse - 2 800,000 Detached - 22 600,000 400,000 Semi-Detached - 2 200,000 Duplex - 0 0 HOUSE STYLE list price original price sold price 1 1/2 Storey - 4 2-Storey - 7 2 1/2 Storey - 0 3-Storey - 2 Bungaloft - 0 Bungalow - 12 SIdesplit - 1 average median mode 1815000 1815000 1815000 1815000 1815000 1425000 1280000 1051500 988271 973183 1009514 1008000 1008000 1163750 925000 500000 500000 665000 665000 665000 1000000 Sept Oct Nov Dec Jan Feb Mar Avg Sold Price Low Price High Price Here we compare two set of 6-month sales averages Comparing 6-month Range from one year to the next. Of Average Sold Prices Since we have low inventory, this 6-month Prev Six Months Current Six Months view gives you a better idea of market trends. 947,521 975,677 983,972 972,866 959,971 961,285 947,586 971,097 981,980 1,003,030 981,345 976,284 998,000 947,106 946,204 912,524 945,649 954,954 962,273 988,271 973,183 1,009,514 1,008,000 1,034,717 1,023,269 869,953 O C T / M A RN O V / A P RD E C / M A YJ A N / J U NF E B / J U L YM A R / A U GA P R / S E PM A Y / O C TJ U N / N O V J U L / D E C A U G / J A NS E P / F E BO C T / M A R

Just Sold Tear- *Updated Apr 13, 2020 Conditional down? Still waiting Re-listed new price

ALDERWOOD HPI HOUSE PRICES Based on MLS-Home Price Index (MLS®HPI)* 1,200,000 1,000,000 5.70% 800,000 Bungalow One Year Price Change 600,000 18.39% 400,000 2-Storey Detached 200,000 One Year Price Change 0 12.36% Current est. Composite 2 Storey Det Composite price for the One Year Price Change house type Bungalow Benchmark 1 Month Ago 3 Months Ago 6 Months Ago 1 yr Ago 3 yrs Ago *The MLS HPI® Price Index is a new, more accurate method of measuring real estate prices within a specific neighbourhood. This system uses a sophisticated statistical model that considers both the quantitative and qualitative features of your home. The “Benchmark” pricing is set each month. ROOM-BY-ROOM REVIEW PIN-POINT PRICING People often ask me about the best way to get the highest I don’t have to tell you that “hard” numbers price for their property. I love that question, because there don’t tell the whole story. You already really is a way to increase the value of your house – and know that there’s more to pricing homes it doesn’t need to cost a lot, or anything at all! than statistics, graphs and charts. It comes down to thinking about your house in the eyes It also takes the experience of working of a buyer. You live in your home now, but when it comes every day in the neighbourhood with time to sell, it’s a house. It’s now a commodity, competing buyers & sellers to understand what’s on the open market with other commodities. really happening behind the scenes. You don’t need a major renovation – you just want to We combine the real data with ongoing make your house the “best in class”. Our goal is to make experience. That’s how we can offer home your house the one that buyers remember as best of its sellers our guaranteed pin-point pricing. kind. When you’re ready, check out our Pin- The way to do this is to start with a “Room-By-Room point Pricing by calling our 24-Hr Free Review”. This is our proven method of getting the best out recorded message at 1-(855)-781-8881 of the interior and exterior of the house. It doesn’t mean Ext 32 a lot of work or a big investment. In fact, my team and I can take care of the whole thing for you! For those who need to buy or sell a home, during Covid19, we are still able to To get your complimentary Room-By-Room review, just provide these services using technology. call 1-855-781-8881 Ext 18 for a 24-Hr Free Recorded Message Please call for more details 416-551-6847

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